Is Toluca Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Toluca Lake has remained a Seller's Market.
Housing Prices in Toluca Lake, CA
How much do homes in Toluca Lake, CA cost?
Median Sold Price
$962,500
$639/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Toluca Lake was $962,500 in April 2024, down 20.8% from last year, and the median price per square foot was $639.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $530K | $520K | -1.9% |
2 Bedrooms | $775K | $802.5K | +3.5% |
3 Bedrooms | $1.3M | $1.1M | -14.8% |
4 Bedrooms | $2.2M | $2.5M | +10.5% |
5+ Bedrooms | $3.2M | $3.7M | +16.3% |
Summary: Toluca Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Neighborhoods
McNeil | $1.0M | $987K | -4.9% |
Toluca Lake | $1.2M | $962.5K | -20.8% |
Housing Supply in Toluca Lake, CA
How many homes are available in Toluca Lake, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 35 | +45.8% |
Summary: The Toluca Lake real estate market had 35 homes for sale in April 2024, a 45.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Toluca Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 9 | +800.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Toluca Lake in April 2024, up by 800.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Toluca Lake, CA
How long does it take to sell a home in Toluca Lake, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 19 Days | -37.7% |
Summary: Homes in Toluca Lake had an average of 19 days on market in Apr 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Toluca Lake; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.